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Acolyte
- 1. Acolyte Serves you the best
- 2. Acolyte Team Aaditya Sriram Rohan Prabhu Frontend Developer Lead Developer Nikhil Nandagopal Kedar Karthik Frontend Developer Market Research
- 3. The Problem Buyers areinterested in discounts. But due to the sheer volume of product offers present online, people miss out on good deals The same volume of offers makes it very difficult for retailers to get their offers through to the target customers Acolyte serves the Buyer and the Retailer
- 4. Acolyte serves theBuyer Create your Wish List Set tabs on the price and wait period Acolyte gets the best price for an item Notifies you about deals on the items you are interested in
- 5. Acolyte serves theRetailer $2.6bn was spent on market research in Asia. You pay us only if we We provide market help you sell dynamics at a much more nominal rate Creates an open Converts retailer into platform for wholesaler - Helps competitors to maximize profits showcase product offers and prices
- 6. How do we‘create’ deals? Creates scope for Retailer better processes discounts orders together The Wish List converting details are individual forwarded to orders into a the retailer bulk order Users add items to their Wish List
- 7. So What Can Acolyte do?
- 8. Acolyte Gets TheBest Deals! Don’t waste time finding deals! Help make them! Get notifications on all the offers in your price range! Don’t let your brand loyalty go to waste! Level up and let retailers give you VIP deals! Gamification at its best! Get great deals even on the newest products in the market!
- 9. Acolyte Tells YouWhat’s Hot! Premium advertisement space for great offers See what the most popular retailers have to offer! The hottest Offers! New products!
- 10. Acolyte Tells YouWhat’s Selling! Signup fast or lose out on deals! Find out everything you need to know about running offers!
- 11. Acolyte Has AllThe Details! Don’t know much about this Add this product to your product? Wish List
- 12. Acolyte Helps YouFind What You Want! Click a category for more results! Search the top 3 results in each category!
- 13. Acolyte Remembers What You Want! Add items to get notifications on Offers! Buy items to get more points so you can buy some more! Costlier products take more credits so add what you really wanna buy! Quote the prices you want!
- 14. Acolyte Gives YouWhat You Want! Dell created an awesome deal! This offer is almost filled! Quick and Easy Sign Up!
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- 16. …And Retailers Love Acolyte! Retailers can search for potential buyers using various parameters! Acolyte tells you exactly how many customers you can acquire at various price limits. So you can create real time cost vs. order ratios!
- 17. Acolyte Tells RetailersWhat They Want To Know! Retailers know what products the majority of their Customers are interested in. Retailers know how much users are wiling to pay for a product and for how long they are willing to wait. Retailers know what other retailers are selling and for how much! Retailers know their most loyal customers and can reward them!
- 18. Acolyte Market • Indiacurrently has 65mn 70 Internet users (28% increase 60 from 2010) 50 • There are 50mn online 40 shoppers -- close to the total 30 2010 Internet users in 2010 20 2011 • 16.75mn people use their 10 mobile phones to access the 0 Internet In millions Internet Online Mobile Users Buyers Internet *Source: JuxtConsult Research & Consulting Pvt. Ltd. Users Acolyte has great scope as the statistics indicate an exponential growth in the Online Market in India With an average expense of 30$ a year on Online Shopping, Acolyte is a part of a 1.5 billion dollar industry!
- 19. Survey Statistics A surveyof people in the age group of 19-35 conducted in three metropolitan cities across India yielded the following results: • Said they shop online 81% • Said they love discounts 57% • Said they are interested in discount information 52% on select products • Said they don’t mind waiting for a good deal 48% Acolyte serves as the best shopping platform for all of them
- 20. Revenue Generation 900000 800000 700000 600000 500000 Income 400000 Expenditure 300000 200000 100000 In USD 0 2012 2013 2014
- 21. Our Revenue Model 1600000 1400000 1200000 1000000 Front Page Ads 800000 Freemium Model 600000 Sales 400000 200000 0 In USD Year 1 Year 2 Year 3 Year 4
- 22. Collaborations CampusBazaar(An online book store) Nokia Priority (Nokia phone dealers) Just born (A baby products store)
- 23. Distribution Strategy Buyer: • AndroidMarket • Social Networking • Campus Drives Retailer: • Lobbying • Internet Advertisements
- 24. Our Competition Acolyte Shopper Online LootTap Alerts when prices drop Allows retailers to get a personal view of their best shoppers Allows Retailers to advertise their deals Provides an open competitive platform for retailers Allows users to create a wish list Utilizes the power of bulk orders to improve deals Creating shopper levels to enforce brand loyalty and retention
- 25. Roadmap Global Expansion 45 Billion $ Research scope of Industry Tapped market in neighboring Countries Begin trials in these countries Utilize more lucrative means of advertising Expand to a national scale Consolidate maximum Collaborate with companies market share in India Integration with existing systems used by retailers which includes common ERP modules Expand customer base Explore new categories of products Explore new avenues of revenue Functional website Tie up with local Retailers Start with small customer base Perfect Customer Care Strategy Functional mobile app Prototype of the website
- 26. Acolyte Serves you the best Q&A Thank You